Can I retire at age 65 with 12,900,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $12,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$1,065,270$1,055,781$1,046,523$1,037,487$1,028,664$1,024,330
2 years$527,361$517,540$508,021$498,792$489,840$485,464
3 years$348,082$338,218$328,723$319,581$310,775$306,493
4 years$258,460$248,626$239,226$230,240$221,647$217,492
5 years$204,701$194,926$185,649$176,846$168,493$164,477
6 years$168,873$159,172$150,032$141,425$133,322$129,451
7 years$143,292$133,672$124,678$116,274$108,427$104,702
8 years$124,114$114,582$105,736$97,539$89,951$86,373
9 years$109,207$99,764$91,071$83,082$75,751$72,319
10 years$97,287$87,937$79,398$71,617$64,544$61,256
11 years$87,542$78,285$69,900$62,328$55,510$52,365
12 years$79,426$70,265$62,035$54,670$48,104$45,098
13 years$72,564$63,499$55,424$48,266$41,947$39,079
14 years$66,688$57,718$49,799$42,845$36,771$34,037
15 years$61,600$52,727$44,962$38,210$32,376$29,772
16 years$57,152$48,376$40,764$34,213$28,614$26,138
17 years$53,231$44,552$37,094$30,740$25,371$23,018
18 years$49,750$41,168$33,862$27,703$22,559$20,326
19 years$46,639$38,154$30,999$25,032$20,107$17,990
20 years$43,843$35,455$28,449$22,671$17,960$15,955
21 years$41,316$33,025$26,168$20,576$16,072$14,175
22 years$39,022$30,828$24,118$18,708$14,407$12,613
23 years$36,931$28,832$22,268$17,038$12,932$11,238
24 years$35,017$27,014$20,595$15,539$11,624$10,025
25 years$33,258$25,351$19,075$14,192$10,460$8,953
26 years$31,638$23,826$17,691$12,976$9,422$8,003
27 years$30,140$22,423$16,427$11,877$8,494$7,159
28 years$28,751$21,129$15,271$10,882$7,665$6,409
29 years$27,461$19,933$14,211$9,979$6,921$5,742
30 years$26,259$18,825$13,237$9,158$6,254$5,147
31 years$25,136$17,796$12,341$8,411$5,654$4,616
32 years$24,086$16,838$11,514$7,730$5,114$4,142
33 years$23,102$15,946$10,751$7,108$4,628$3,718
34 years$22,178$15,113$10,045$6,540$4,190$3,338
35 years$21,308$14,335$9,391$6,021$3,795$2,999
36 years$20,488$13,606$8,785$5,545$3,439$2,694
37 years$19,715$12,922$8,223$5,109$3,117$2,422
38 years$18,984$12,281$7,700$4,709$2,826$2,177
39 years$18,292$11,678$7,214$4,342$2,562$1,958
40 years$17,636$11,111$6,762$4,005$2,324$1,761
41 years$17,014$10,576$6,341$3,695$2,109$1,584
42 years$16,424$10,072$5,948$3,410$1,913$1,425
43 years$15,862$9,597$5,581$3,148$1,736$1,282
44 years$15,327$9,148$5,239$2,907$1,576$1,154
45 years$14,817$8,723$4,919$2,684$1,431$1,038
46 years$14,332$8,322$4,620$2,479$1,299$934
47 years$13,868$7,941$4,341$2,291$1,180$841
48 years$13,424$7,581$4,079$2,117$1,071$757
49 years$13,001$7,240$3,834$1,956$973$682
50 years$12,595$6,916$3,605$1,808$884$614

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $12,900,000, adding $5,450 every year, while hoping to spend $49,457 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 28/46/26 Blend
64$12,900,000$12,900,000$12,900,000$12,900,000
65$14,221,422$13,537,722$13,337,772$14,504,310
66$15,619,385$14,148,448$13,731,965$15,339,773
67$17,158,283$14,787,443$14,137,707$16,232,082
68$18,852,438$15,456,038$14,555,330$17,189,777
69$20,717,634$16,155,631$14,985,181$18,218,494
70$22,771,260$16,887,685$15,427,613$19,324,400
71$25,032,480$17,653,733$15,882,989$20,514,248
72$27,522,409$18,455,381$16,351,685$21,795,427
73$30,264,314$19,294,314$16,834,085$23,176,033
74$33,283,834$20,172,295$17,330,587$24,664,935
75$36,609,220$21,091,173$17,841,597$26,271,852
76$40,271,604$22,052,884$18,367,534$28,007,437
77$44,305,291$23,059,459$18,908,830$29,883,371
78$48,748,083$24,113,025$19,465,928$31,912,463
79$53,641,635$25,215,810$20,039,284$34,108,766
80$59,031,848$26,370,151$20,629,366$36,487,695
81$64,969,304$27,578,496$21,236,658$39,066,170
82$71,509,741$28,843,411$21,861,654$41,862,760
83$78,714,581$30,167,583$22,504,865$44,897,851
84$86,651,505$31,553,832$23,166,815$48,193,830
85$95,395,099$33,005,110$23,848,043$51,775,279
86$105,027,551$34,524,513$24,549,105$55,669,202
87$115,639,431$36,115,284$25,270,570$59,905,264
88$127,330,544$37,780,824$26,013,025$64,516,058
89$140,210,871$39,524,695$26,777,073$69,537,403
90$154,401,608$41,350,634$27,563,333$75,008,664
91$170,036,312$43,262,554$28,372,444$80,973,111
92$187,262,155$45,264,560$29,205,061$87,478,312
93$206,241,323$47,360,950$30,061,858$94,576,569
94$227,152,536$49,556,235$30,943,528$102,325,388
95$250,192,742$51,855,138$31,850,784$110,788,012
96$275,578,975$54,262,613$32,784,358$120,033,995
97$303,550,400$56,783,851$33,745,005$130,139,843
98$334,370,576$59,424,295$34,733,497$141,189,713
99$368,329,938$62,189,648$35,750,632$153,276,189
100$405,748,542$65,085,891$36,797,229$166,501,134